The Top Things Investors Need to Know Before Buying Crypto Tokens
Episode publishedPodcast: UnchainedUnchained
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Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. Thanks for joining this livestream. Before we get started, a quick reminder. Nothing you hear on Unchained is investment advice. This show is for informational and entertainment purposes only, and my guest and I may hold as discussed on the show. For more disclosures, visit unchainedcrypto.com. This episode is brought to you by Adaptive Security, the first cybersecurity company backed by OpenAI. As AI makes deep fakes and synthetic identities easier than ever, Adaptive helps companies te
Thank you, Flora. So
we're gonna be discussing a topic that just keeps coming up again and again in crypto nowadays, and that's this tension between tokens and equity. But before we dive into the details around the ACROSS token protocol, is the most recent news that concerns this topic, we're just gonna have each of you describe your background and how you came to spend a lot of time thinking about this issue. Ryan, why don't we start with you?
Sure. Thanks, Laura. Yeah. My name is Ryan. My background is primarily as a crypto VC. And so I've seen a lot of these investment structures both from an equity perspective, but also a conversion into token as well as token directly. And then most recently, kind of began to talk to a lot of founders, kind of navigating these complex situations in relation to their business strategy. And so, yeah, we've set up a company basically targeted towards providing financial services, helping these founders navigate these issues.
Felipe?
Great. Yeah. So my background is right now, I'm chief investment officer at Thea. Thea is a liquid token fund focused on long term buy and hold for liquid tokens. So we focus primarily on projects with revenue, earnings fundamentals, and we try to benefit from their growth in the same way that that equity market participants would benefit from the growth of businesses. This is very different than than the way that most token trading was done early on in funds life, where I think a lot of people were used to trading narrative tokens, hoping a token would catch a narrative, go up in price, and t
All right, so let's dive into the ACROS token issue. Last week, the Risk Labs Foundation, which is behind ACROS protocol made waves when it proposed that the Dow governed protocol become a company. For the transition, they proposed retiring the ACX tokens and offering an equity exchange to token holders. Their motivation was this, quote, As the cross deepens our work with institutional and enterprise partners, the token and dev structure has materially impacted our ability to close partnerships and integrations. Transitioning to a traditional legal entity would meaningfully improve our ability
Yeah. I mean, sure. I think at a high level where we probably should begin is, you know, what was maybe the premise of tokens to begin with kind of early in this industry? I think we have enough data points now where, you know, I think the user and the stakeholder really being aligned as your token holder is is quite important. I think there are certain teams that execute this very well. So I think Hyperliquid is a great example of this where their main user is a trader and therefore they're also probably their largest token holder as well. And I think in sort of the space of, you know, intero
Felipe?
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